INV Unfiltered: How Mastercard Takes on Payments Startups
The payments space is tumultuous and fast-moving, with new entrants appearing all the time. So how does a global payments company cope, and deal with diverse challenges such as paying with selfies, P2P...
View ArticleAnt Financial Plans to Resubmit MoneyGram Application
Ant Financial, the Chinese payments company behind Alipay, is planning a third attempt to acquire U.S. money transfer service MoneyGram. Ant Financial first applied to buy the money transfer service...
View ArticleFinn.ai is Developing New Features for Financial ‘Customer Care’
EXCLUSIVE — Finn.ai wants to use artificial intelligence and machine learning to promote financial literacy and healthy consumer behaviors in its users. The conversational commerce platform, which...
View ArticleGoCardless Raises $22.5M in New Funding
London-based direct debit provider GoCardless is having a good year. On top of transaction growth and expansion to new markets, the fintech has closed a new round of $22.5 million in new funding. The...
View ArticleStandard Bank, Africa’s Largest Bank, Joins INV
EXCLUSIVE — Standard Bank Group, the largest bank in Africa, has joined the INV Fintech accelerator program as a partner, INV announced today. INV is the sister accelerator of Bank Innovation. Standard...
View ArticleGoogle Unveils New Features for India Payment App Tez
Google unveiled its mobile payment service, Google Tez, in India on Monday. Google Tez, is a Unified Payments Interface (UPI) app available on both iPhone and Android. According to NDTV, one the...
View ArticleHow Open Are Americans to Using Bitcoin for Purchases?
Americans are open to investing in, or at least learning more about bitcoin. However, a number of consumers are also growing more open to using the cryptocurrency as, well, currency: that is, using it...
View ArticleNACHA Gears Up for Phase 3 of ACH Same-Day Payments Initiative
EXCLUSIVE – Now that same day ACH debit payment has kicked off, National Automated Clearing House Association (NACHA), the steward of Automated Clearing House (ACH), is in the final phase to implement...
View ArticleGamification in Fintech: How Startup Greenlight Financial Intends to Use It
EXCLUSIVE – One thing is clear: more and more fintechs are looking to create better interaction to engage users. Besides the obvious social media channels, another social phenomenon which seems to be...
View ArticleECB Said Fintech Banks May Need to Hold Bigger Liquidity
“High-tech,” or fintech banks may be required to hold higher capital buffers and larger liquidity when entering Europe, the European Central Bank said in draft licensing guidelines today. This is to...
View ArticleABN Amro Bank Opens Home Grown SME Lending Fintech New10
Dutch bank ABN Amro’s online lending fintech New10 is open today. New10 was created to provide small businesses loans ranging between EUR 20,000 and EUR 1 million, through a process that is entirely...
View ArticleSWIFT Mitigates Four More CSDs to Network
Financial services company SWIFT announced today that it has mitigated four additional capital depositories onto its Target2 Securities, or T2S, network. The four CSDs, which will start live operations...
View ArticleThe Rise of Alternative Data in the Lending Market
EXCLUSIVE – There were conflicting views on the importance of the FICO score at the PayThink Conference in Phoenix this week. While only some professionals were bold enough to say the standardized...
View ArticleBank of Ireland Global Markets Creates New Payment Service for U.S. SMEs
EXCLUSIVE – Bank of Ireland Global Markets has teamed up with fintech company WorldFirst to offer its U.S. based SME customers a foreign exchange and payments service, under the brand – Bank of Ireland...
View ArticleAlipay Moves to Sweden, Finland
Leading Chinese mobile payment service, Alipay, is expanding its platform to the Nordic region for use of Chinese tourists, the company announced today. Alipay has signed separate “MoU” agreements with...
View ArticleWhat U.S. Tourism Means to Alipay
EXCLUSIVE – Ant Financial, the spin-off from Chinese e-commerce mammoth Alibaba Group, is leveraging the U.S. payments markets with a focus on the industries that cater to Chinese tourist, according...
View ArticleProsper Raises New Funding, Loses Unicorn Status
Alternative lending startup Prosper raised new funding in a Series G last week, with the $50 million round bringing its equity funding. However, the new capital — driven by Hong Kong-based FinEx ASIA...
View ArticleDanish Payment Processor Nets Receives $5.3 Billion from Hellman & Friedman
Publicly traded Danish payments processor Nets on Monday received a 33.1 billion Danish crown ($5.3 billion) takeover bid from U.S. private equity firm Hellman & Friedman. If the bid is accepted,...
View ArticleWill JPMorgan Chase, Bill.com B2B Platform Allow for More Payment Innovation?
EXCLUSIVE — Automating the simple process of consumer payments took years, and automating the complexities of business-to-business payments (including getting rid of the paper check) could take...
View ArticleE-Money App deVere Vault Adds 22 Currencies, Plus a New Banking Feature to...
EXCLUSIVE – E-money app, deVere Vault, today added the Australian dollar and 21 other currencies to its growing repertoire of now 27 currencies, as the fintech continues to expand its products and...
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